Uday Punj (HUF), New Delhi ITO WARD - 32(2), New Delhi

Last updated: 17 December 2020

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Quick Summary

This appeal concerns Uday Punj (HUF) challenging an addition of Rs. 28,64,419/- made by the Income Tax Officer (ITO) under Section 14A of the Income Tax Act, read with Rule 8D. The assessee's appeal against the ITO's order, which confirmed this addition, was dismissed by the CIT(A). The core of the appeal is that the addition was made incorrectly and against the facts of the case.

Court :
ITAT New Delhi

Brief :
This appeal is filed by the Assessee - Uday Punj (HUF) against the order of the Ld. CIT(A)-11, New Delhi dated15.01.2020 for the assessment year 2016-17 whereinthe appeal filed by the assessee against the order of theITO, Ward 32(2), New Delhi passed u/s. 143(3) of the I.T. Act, 1961 on 29.12.2018 making the addition of Rs. 28,64,419/- u/s. 14A of the Act read with Rule 8D was dismissed and the above addition was confirmed.

Citation :
ITA NO. 643/DEL/2020

Daily Limit Reached